Luckin Coffee, Inc. · OTC:LKNCY
Luckin Coffee — Q2 2024 Earnings Presentation
15 slides from Luckin Coffee's earnings presentation, Jul 30, 2024
Slide 1: LKNCY 2024Q2 Earnings Presentation
LKNCY 2024Q2 Earnings Presentation July 30, 2024
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain financial measures that are not recognized under generally accepted accounting principles in the United States (“GAAP”), including non-GAAP operating income/(loss), non-GAAP net income/(loss), non-GAAP basic and diluted net income/(loss) per ADS. The pre
Slide 3: Business Update; Financial Highlights
BUSINESS 1 UPDATE FINANCIAL 2 HIGHLIGHTS
Slide 4: Business Update
BUSINESS UPDATE luckin coffe
Slide 5: Sustainable topline growth with profitability restored
Sustainable topline growth with profitability restored Total net revenues Average monthly SSSG(2) transacting customers(1) (self-operated stores) RMB8.4 billion 69.7 million (20.9)% +35.5% YoY increase +61.8% YoY increase Store-level operating profit(3) GAAP operating income Store footprint worldwid
Slide 6: Largest Chinese coffee chain brand with 20,000th store opened in July
Largest Chinese coffee chain brand(1) with 20,000th store opened in July Footprint in China 6,905 Partnership stores 19,924 Total store count* 13,019 Self-operated stores +1,366 Net new store openings(2) Footprint outside China 37 +5 20,000th Luckin Store Total store count* Net new store openings(2)
Slide 7: Innovative products and enhanced global supply chain for superior customer experience
Innovative products and enhanced global supply chain for superior customer experience 2024Q2 newly launched 30 SKUS Luckin Coffee News 2024Q2 new transacting customers ~25 million In the presence of Brazilian Vice President Geraldo Alckmin Luckin Coffee entered into a series of letters of intent to
Slide 8: Commitment to sustainable development and health innovation
Commitment to sustainable development and health innovation Three LEED Gold certified stores Luckin Coffee 20,000th Store Beijing Luckin store in Tianjin Luckin store in Luckin store in Xiamen Hangzhou built in accordance with LEED ID+C: Retail v4 Platinum standard Saving energy and resources Ensuri
Slide 9: Financial Highlights
2 FINANCIAL HIGHLIGHTS
Slide 10: Significant revenue growth and impressive business performance in Q2 2024
Significant revenue growth and impressive business performance in Q2 2024 Total net revenues Self-operated stores 2 0,0 00 2 0,0 00 2 80 .0 % 1 8,0 00 Total net revenues Growth rate % (YoY) 2 00 .0 % 1 8,0 00 Revenues from self-operated stores (1) Growth rate % (YoY) (2) SSSG (in million RMB) (in mi
Slide 11: Healthy expansion of store network and significant increase in customer engagement
Healthy expansion of store network and significant increase in customer engagement Number of stores(1) Net new store openings(2) Average monthly transacting customers(3) (in million) Self-operated stores Self-operated stores Partnership stores Partnership stores In 2024Q2, 19,961 +2,975 with 25 mill
Slide 12: Recovered margin profile driven by economies of scale during peak season
Recovered margin profile driven by economies of scale during peak season 2024Q2 2024Q2 Operating margin 12.5% Net margin 10.4% Store-level General & administrative Sales & marketing Restructuring-related operating profit margin(1) expenses expenses expenses (self-operated stores) % Total net revenue
Slide 13: Robust cash position and positive operating cash flow
Robust cash position and positive operating cash flow Cash inflow/(outflow) Cash at bank and on hand(1) Interest-bearing debt from operating activities RMB RMB RMB 3,786.0 million 1,549.1 million 300 million Short-term bank borrowing Notes: (1) Includes Cash and cash equivalents, restricted cash, te
Slide 14: Thank you!
Thank you!
Slide 15: Q&A
Q&A